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Politics Hugo Chavez

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  • CARACAS, Feb 10- Venezuela on Tuesday launched a new foreign exchange platform that will likely devalue the bolivar heavily in efforts to bolster state coffers amid tumbling oil revenue, but risks a spike in already soaring inflation. "This third mechanism is open, free, in which bidders and buyers exchange offers," Marco said during a press conference with...

  • Venezuela after Chavez: An economy on the verge Tuesday, 26 Nov 2013 | 8:00 AM ET
    People line up outside an electrical appliances store in Caracas.

    Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.

  • Punch-Up in Parliament; Venezuelan Lawmakers Hurt Wednesday, 1 May 2013 | 2:48 AM ET

    Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.

  • Top Real Estate Guys Do Not Waver on Investing Monday, 29 Apr 2013 | 5:39 PM ET
    Sam Zell

    Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.

  • Venezuela Election Results Fair: Ambassador Monday, 15 Apr 2013 | 9:45 PM ET

    Alfredo Toro Hardy, Venezuela's Ambassador to Singapore, explains the Latin American country's electronic electoral process and says the results are "fair, clear and straight.

  • Venezuela Stalemate Shows Shaky Future for Chavismo Monday, 15 Apr 2013 | 12:24 PM ET

    After Hugo Chavez's anointed heir secured a razor-thin victory in Venezuela's presidential election on Sunday, one analyst questioned how much longer Chavez's socialist policies will survive.

  • Maduro Wins Venezuela's Election With 51% of Votes Sunday, 14 Apr 2013 | 9:58 PM ET

    Nicolas Maduro squeezed out a small-margin victory in Venezuela's presidential elections Sunday, securing the ruling socialist party's control over the oil-rich nation through 2019.

  • Business as Usual in Venezuela: Expert Friday, 12 Apr 2013 | 11:40 AM ET
    Business as Usual in Venezuela: Expert

    James Lockhart-Smith, head of Latin America at Maplecroft, tells CNBC that the Venezuelan economy will continue to struggle after the elections.

  • The Chavez Conspiracy? Wednesday, 13 Mar 2013 | 4:45 PM ET
    The Chavez Conspiracy?

    The Venezuelan government has announced it will conduct a formal inquiry into whether deceased president Hugo Chavez was "inoculated" with cancer. Risa Grais-Targow, Eurasia Group Latin America Analyst, provides perspective on how this might impact oil

  • venezuela chavez--1896683964_v2.jpg

    At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.

  • Wait and See in Venezuela: Expert Thursday, 7 Mar 2013 | 5:10 AM ET
    Wait and See in Venezuela: Expert

    Heliodoro Quintero, CEO of HQ Consultores, tells CNBC why it's impossible to know which path Venezuelan energy policy will follow until after elections have been held.

  • Will Moody's Downgrade Venezuela Again? Wednesday, 6 Mar 2013 | 11:38 AM ET
    Will Moody's Downgrade Venezuela Again?

    Aaron Freedman, Moody's, explains why the death of Venezuelan President Hugo Chavez will not have an immediate impact on the country's sovereign rating.

  • Hugo Chavez Dead at Age 58 Wednesday, 6 Mar 2013 | 10:11 AM ET
    Hugo Chavez Dead at Age 58

    The Venezuelan president died after losing a long battle with cancer, reports CNBC's Michelle Caruso-Cabrera, with details on what his death means for oil supplies.

  • Venezuelan President Hugo Chavez Dead Wednesday, 6 Mar 2013 | 6:41 AM ET
    Venezuelan President Hugo Chavez Dead

    CNBC's Michelle Caruso-Cabrera reports the 58-year old leader died on Tuesday after a two-year battle with cancer.

  • Venezuelans Mourn Chavez as Focus Turns to Election Wednesday, 6 Mar 2013 | 5:49 AM ET
    Venezuela's President Hugo Chavez (AP Photo/Fernando Llano)

    Venezuelan President Hugo Chavez's death has unleashed a flood of emotional tributes that his allies hope will help ensure the survival of his self-styled socialist revolution when voters elect a successor.

  • Venezuela—The Next Risk for Oil Markets Tuesday, 5 Mar 2013 | 8:59 PM ET

    The prospect of snap elections in Venezuela - which may be triggered if President Hugo Chavez steps down due to his worsening health - may create volatility in global oil markets though any upward price impact is likely to only be short-term.

  • Hugo Chavez

    What does the death of Venezuelan President Hugo Chavez mean for crude oil prices? Traders weigh in.

  • Got Sugar? Venezuela Faces Shortages of Staple Foods Friday, 18 Jan 2013 | 3:07 AM ET
    Venezuela's President Hugo Chavez (AP Photo/Fernando Llano)

    The increased difficulty in finding basic consumer goods in Venezuela is raising concerns about the viability of Chávez's socialist economic policies.

  • Venezuelan President Hugo Chavez waves to supporters during a campaign rally for his reelection in Valencia, Carabobo state, Venezuela.

    Things are looking increasingly bleak for Hugo Chavez, which has oil companies, Western governments and all of Latin America asking the same question: What's next if he dies?

  • Venezuela's Sick Chavez Misses Own Inauguration Bash Thursday, 10 Jan 2013 | 11:50 AM ET
    Venezuelan President Hugo Chavez

    Venezuelan President Hugo Chavez stayed on his sickbed in Cuba on Thursday while supporters rallied on the day he should have been sworn in for a new six-year term.